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Icahn’s Last Chance on Dell

Original publication date: 
Tuesday, September 10, 2013 - 10:22

Carl C. Icahn may have given up his campaign to block Dell Inc. from going private in a vote on Thursday.

This company successfully thwarted investors’ efforts to reign in executive pay

We recently told you about four companies ignoring their shareholders’ votes. One was Hecla Mining, a silver producer that held the polls open longer than planned when it looked like shareholders were going to reject management’s pay package.

The vote is only advisory, but Hecla’s stalling worked: Instead of failing 49.6% to 46.7%, the company’s say-on-pay vote passed with 53.7% of the vote.

Here is how four companies are ignoring their shareholders’ votes

NYSE Euronext

Forget majority rules. In US-style corporate elections, it’s rarely so simple.

Investors can complain as loudly and clearly as they like, but corporate boards are often free to ignore them, with few or no immediate consequences. That’s true whether the protest involves ousting a board member or changing how the company does business.

McDonald’s to Costco: You’re too cheap for us

ronald mcdonald mcdonald's

McDonald’s and Costco would seem to have a lot in common, what with their relentless pursuit of cost-conscious consumers in the name of value.

But this month, the fast-food giant snubbed the US warehouse shopping club, dropping it from among two dozen or so competitors, consumer-product companies and retailers that McDonald’s uses to assess executive pay.

When a 20% executive pay cut isn’t as painful as people might think

Air Products CEO John McGlade.

Air Products & Chemicals got some press recently when it was held up as an example of corporate America’s renewed dedication to paying CEOs only if they perform.

Lucrative Consulting Fees Reach Bigger Set

Original publication date: 
Monday, November 19, 2012 - 19:45

When Samuel J. Palmisano retires next month, he'll enjoy a generous goodbye present: The former International Business Machines Corp. chief will earn $20,000 for any day he spends four hours advising his longtime employer.

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